Datamine Network Launches DAM and FLUX on Polygon
💡 AI Article Summary
High Ethereum gas fees have historically presented a major challenge for on-chain trading and token transactions. To address this, the Datamine Network has opened a Layer 1 to Layer 2 bridge for DAM and FLUX tokens to the Polygon Network, enabling highly efficient, low-cost operations.
Low-Fee Trading on Quickswap
By bridging DAM and FLUX to Polygon, users can now trade and provide liquidity with near-zero transaction fees and lightning-fast confirmation times. The primary decentralized platform for these Layer 2 transactions is Quickswap. Outside of the one-time Ethereum gas fee required to bridge your tokens from Layer 1 to Layer 2, ongoing transaction costs are drastically reduced.
Getting Started on Layer 2
To begin trading or providing liquidity on Polygon:
- Configure the Polygon Network in your Metamask wallet.
- Bridge your DAM or FLUX tokens from Ethereum Mainnet to Polygon.
- Head to Quickswap to swap or deposit liquidity.
For verification, the official Polygon smart contract addresses are:
- DAM: 0xb75bBd79985a8092B05224f62D7fED25924B075d
- FLUX: 0x2808edb7398b25E0f6C41cD98fD114d924008C87
Hi
Fees have been very huge problem for ETH last months so was onchain trading on Uniswap. Thanks to our awesome community and help of Polygon Layer 2 protocol (formerly Matic) we were able to open a L1-L2 bridge to Polygon for DAM and FLUX tokens.
Now you can add liquidity and trade Datamine Ecosystem tokens with close to zero fees and lightning fees at https://quickswap.exchange/#/. The only fee you will have to pay is ETH gas contract fee for bringing your tokens.
Here you can read an awesome guide from our community member about setting up Polygon Network in your Metamask and further on trading on Quickswap https://hyzio.medium.com/starting-with-quickswap-l2-c2fcc9cbf5f6
Contract addresses for DAM and FLUX in Polygon Network:
DAM: 0xb75bBd79985a8092B05224f62D7fED25924B075d
FLUX: 0x2808edb7398b25E0f6C41cD98fD114d924008C87
DAM @ quickswap
https://info.quickswap.exchange/token/0xb75bbd79985a8092b05224f62d7fed25924b075d
FLUX @ quickswap
https://info.quickswap.exchange/token/0x2808edb7398b25e0f6c41cd98fd114d924008c87
Frequently Asked Questions
Why did Datamine Network bridge DAM and FLUX to Polygon?
High Layer 1 Ethereum gas fees made on-chain trading expensive. Bridging to Polygon Layer 2 provides users with near-zero transaction fees and faster execution times.
Where can I trade the Polygon-based DAM and FLUX tokens?
You can trade both bridged tokens and participate in decentralized liquidity pools on Quickswap.
Do I still need to pay Ethereum gas fees to use Polygon?
You only pay Ethereum Layer 1 gas fees once when initiating the contract to bridge your tokens to Polygon. Subsequent trades and liquidity actions on Polygon cost only fractions of a cent in MATIC.
What are the token contract addresses for DAM and FLUX on Polygon?
The official Polygon contract addresses are 0xb75bBd79985a8092B05224f62D7fED25924B075d for DAM and 0x2808edb7398b25E0f6C41cD98fD114d924008C87 for FLUX.
· panconpalta · #community-announcements